Six weeks prior to a class commencement, CG-3PCX will close the class and request orders for all instructors and students registered. CG-3PCX will then e-mail TQC to request orders. TQC will cut the orders and make them available to the DIRAUX office associated with the Auxiliaristâs Department Code.
New FHA Loan Limits: Purchase Price Limit FOR FHA $271,050. If you are considering purchasing a home using FHA loan, the FHA limit has been reduced to $271,050. This is the maximum amount for FHA loan purchase price, down from $316K. This change went into effect as of Sept 30th, and have not heard many people discussing it.
FHA requirements in this area have two important features. The first is that the seller can't contribute more than six percent of the sales price without affecting the amount of the FHA insured loan. Any contribution in this area from the seller beyond six percent is considered an inducement to purchase. The FHA lowers the amount of the mortgage accordingly, based on FHA requirements, which state; Each dollar exceeding FHA's six percent limit must be subtracted from the property's sales price before applying the LTV ratio.